TOP LENDERS I BY CATEGORY SPECIAL REPORT starts on Page 9
THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Bristol Spotlight: Raynham
Seeing a need for bankers and other industry professionals to improve their communication and presentation skills, Stacey Shipman in 2006 launched the company now known as Engage The Room. Shipman said she never intended to be in this particular line of business – rather it chose her.
IN PERSON
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WEEK OF MONDAY, JULY 22, 2019
BANKING & LENDING BY THE NUMBERS
#1 Salem Five Mortgage Co. originated more HELOCs than any other mortgage company in 2018. See Bram Berkowitz’s story on page 9. Source: The Warren Group’s Marketshare Module
7.92 percent Residential Mortgage Services controls 7.92 percent of the Bristol County single-family mortgage market. See By the Numbers on page 6. Source: The Warren Group’s Marketshare Module
$759 million People’s United Bank is buying Hartford’s United Bank for $759 million. See Week on the Web on page 2. Source: People’s United Bank
620 The credit score required to qualify for a Fannie Mae product eating into the FHA’s marketshare. See Bram Berkowitz’s story on page 9. Source: Fannie Mae
2.4 billion The number of Facebook users who could potentially use the social network’s planned currency, Libra. See Seth Berman’s column on page 5. Source: Facebook
$5.2 million The mortgage on a pair of condominiums in Boston’s One Dalton luxury tower. See the Gossip Report on page 9. Source: The Warren Group
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COMMERCIAL INTERESTS
IS ZONING REFORM DEAD?
BEACON HILL’S FOOT-DRAGGING RAISES FEARS BY SCOTT VAN VOORHIS BANKER & TRADESMAN COLUMNIST
I
s it time to give the last rites to zoning reform legislation, that last, best hope of reining in runaway home prices and rents? With lawmakers on Beacon Hill once again dithering over the state budget and, having blown a deadline weeks ago with the arrival of the new fiscal year, things certainly aren’t looking great for zoning reform legislation. The impasse at the State House is maddening on any number of different levels. Passing a budget each year is the basic job of any state legislature, and each year the Bay State’s senators and representatives find a new way to muck it up and drag deliberations on deep into the summer. All that said, it may be too early to give up hope, for something crucial has changed when it comes to public attention and interest in the housing crisis. There is rising media and political attention to the both causes of the housing crisis and potential solutions that simply wasn’t there two, three or four years ago. And the increased attention may just be enough to ensure zoning reform doesn’t get cast into the legislative dustbin come August and instead survives to get voted on – and passed – possibly in the fall, or, failing that, next spring. While there is no shortage of zoning reform proposals, the leader at this point is Gov. Charlie Baker’s “Housing Choice” bill, which would make it easier for communities to pave the way for new housing by changing entrenched zoning rules. continued on page 11
Berkshire Bank’s new chief experience and culture officer began working as a community organizer at age 19. See Week on the Web on page 2. Source: Berkshire Bank
#2 Rockland Trust was the second-biggest originator of FHA loans among banks in 2018. See Bram Berkowitz’s story on page 9. Source: The Warren Group’s Marketshare Module
G R A D U A L LY, T H E N S U D D E N LY
Somerville Jumps on Lab Bandwagon Two Developers Set to Build Life Science Space
Unless otherwise noted, all data is sourced from The Warren Group’s Mortgage Market Share Module, Loan Originator Module, Statistics Module and/or proprietary database. For more information please visit www.thewarrengroup.com/business/ datasolutions.
By Steve Adams | Banker & Tradesman Staff
TOP LENDERS
Competitors Apply Pressure to FHA and VA Loan Origination
Rising Home Values Make More Applicants Ineligible for Government Loans By Bram Berkowitz | Banker & Tradesman Staff
Commercial Real Estate PAGE 7
Banking & Lending PAGE 9